Honda Locally investing $492 million

ALLISTON, ON,Jan. 9, 2017– Honda of Canada Mfg. (HCM), announced today that it will invest$492 millionover the next three years to allow the company to modernize itsOntariomanufacturing facilities and significantly improve its manufacturing carbon footprint, which is part of Honda's global initiatives. The new investment brings Honda's total Canadian facilities investment to over$4.7 billion. In 1986, Honda became the first Japanese auto maker to build a manufacturing facility inCanada.

Honda Canada is partnering with the Government ofCanadaand the Government ofOntarioon this program. Both the federal andOntariogovernments will provide conditional grants up to$41.8 millioneach, representing 17 per cent of Honda Canada's investment.

"Thank you to both the federal andOntariogovernments for creating an environment which will allow us to further modernize our manufacturing facilities and make innovative upgrades possible, including building a state-of-the-art paint shop which will reduce the GHG emissions from our paint process by 44%, further reducing our manufacturing carbon footprint inCanada," saidJerry Chenkin, President and CEO, Honda Canada Inc. "As a result of these upgrades, HCM will continue to provide thousands of well-paying, high quality jobs inAllistonand throughoutCanada."

Honda of Canada Mfg. has the capacity to produce 400,000 Civic and CR-V models annually for the Canadian andNorth Americamarkets, as well as for export. Of which, approximately 100,000 Canadian-built Civic and CR-V units are sold on an annual basis inCanada. HCM also produces 260,000 four-cylinder engines annually.